I often hear or read complaints in the US how much one has to pay in taxes, for public sector and for the expenses of government supplementation here.
Of course I agree with the sentiments to great degree, but here’s something to put it in perspective by looking at current situation in the Danish economy (the information is taken from the Danish newspaper Børsen, which will be published tomorrow):
- Today only 1.9 million people are working in the private sector.
- They are paying the highest taxes (measured as tax collection across everything including your personal income tax as well as taxes on goods and services).
- They pay for 800,000 employees in the public sector
- and they pay for government supplementation to 2.1 million Danes, of which half are pensionists, while the rest are in the work-able age group
Food For Thoughts…